Earnings Earnings Everywhere… The nature and the tone of this week’s earnings releases is likely to bring in some choppiness into the price action. According to the trading plans published on Friday, 01/20: “If the index closes above 3950 level, our models will switch from the cautiously bearish bias to a neutral bias. A daily (more…)
Upside Momentum Broken Down – Day 2 In our plans published Monday, 01/09, we stated: “The index is now approaching the resistance band in the range of 3960-4002, and the price action in this range determines the next leg”. The lower bounds of this range has been decisively broken down yesterday. Our models are adapting (more…)
Earnings, Inflation, and China Re-start In our trading plans published Monday, 01/09, we stated: “The index is now approaching the resistance band in the range of 3960-4002, and the price action in this range determines the next leg”. In our trading plans published yesterday, Tuesday 01/17, we wrote: “This range is still in effect for (more…)
